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warren buffett

BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

by Anas Siddiqui
BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

BYD, the world’s largest electric-vehicle (EV) maker, reported a sharp fall in quarter-on-quarter profit after deliveries slumped by a third amid a bruising discount war in mainland China. Backed by …

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Buffett loves stocks with dividend, but Berkshire doesn’t pay one — Here’s why

by Walter Watson
Buffett loves stocks with dividend, but Berkshire doesn’t pay one — Here’s why

Warren Buffett is a fan of buying dividend-paying stocks, but his conglomerate Berkshire Hathaway doesn’t offer a payout itself, despite its tens of billions cash. A regular dividend is a …

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Goldman Sachs says escalating price war in China’s EV market could ensnare BYD, push sector into losses

by Anas Siddiqui
Goldman Sachs says escalating price war in China’s EV market could ensnare BYD, push sector into losses

Further discounts offered by carmakers in a price war in mainland China’s electric vehicle (EV) market could ensnare even the likes of top seller BYD, Goldman Sachs said. Its net …

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Buffett’s love for Japan may run farther after $8 billion paper profit

by Walter Watson
Buffett’s love for Japan may run farther after  billion paper profit

Warren Buffett’s Berkshire Hathaway has made billions of dollars from its big investments in Japan, and the Oracle of Omaha’s love for the land of the rising sun is only growing …

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Gold hit another record high. Why Warren Buffett has always hated it

by Walter Watson
Gold hit another record high. Why Warren Buffett has always hated it

Gold is having a moment as demand for safe havens rises amid geopolitical tensions in the Middle East, Europe and Asia, but the rally won’t convert one of the biggest …

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Warren Buffet’s Berkshire Bought Activision Shares Nearly Worth $1 Billion Right Before Microsoft Took Over

by Maya Ortiz
Warren Buffet’s Berkshire Bought Activision Shares Nearly Worth  Billion Right Before Microsoft Took Over

Warren Buffett’s Berkshire Hathaway acquired nearly $1 billion (roughly Rs. 7,540 crore) of shares in Activision Blizzard before Microsoft agreed to buy the video game maker for $68.7 billion (roughly …

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BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

by Anas Siddiqui
BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

BYD, the world’s largest electric-vehicle (EV) maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a …

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BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

by Anas Siddiqui
BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy …

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Brooks Running CEO Jim Weber to step down

by Anas Siddiqui
Brooks Running CEO Jim Weber to step down

COO and President Dan Sheridan of Brooks Running Courtesy: Brooks The longtime CEO of Berkshire Hathaway’s Brooks Running, Jim Weber, is stepping down after more than 20 years in the …

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China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value

by Anas Siddiqui
China’s BYD to spend US million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value

BYD, the world’s largest electric vehicle (EV) maker, plans to buy back 400 million yuan (US$55.56 million) worth of its mainland-listed shares, with the aim of lifting the company’s stock …

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